Waratah Minerals Limited · ASX:WTM
Waratah Minerals — Investor Presentation (May 2026)
22 slides from Waratah Minerals's investor presentation, May 2026
Slide 1: Investor Presentation
Investor Presentation ASX:WTM | May 2026
Slide 2: Investment Highlights
Investment Highlights Creating value for our stakeholders through discovery Emerging large-scale gold discovery District scale land position that continues to show the potential to host a globally significant gold deposit 2 Strong management team & board Spur Project Gold-Copper High calibre discove
Slide 3: Corporate Overview
Corporate Overview 388M 9% $0.675c $262M $60M Shares on Issue Board and Management Share price Market Cash at bank1 (ASX Code: WTM) (fully diluted) (18 May 2026) Capitalisation (18 May 2026) Board of Directors Significant Shareholders Dr. Andrew Stewart Peter Duerden 3 1832 Asset Management 7.4% Exe
Slide 4: Macquarie Arc: Home of World-Class Gold-Copper Deposits
4 Macquarie Arc Home of World-Class Gold-Copper Deposits ASX:WTM
Slide 5: Macquarie Arc
Macquarie Arc Home of World-Class Gold-Copper Deposits Australia’s Premier Au - Cu Belt • Gold and copper elephant country • Several major mining operations • Discovery potential validated by recent discoveries & global majors investing in region 5 • Since 2023 - A$1.6Bn in mining M&A and A$300m in
Slide 6: Strategic Position in an Established Mining District
Strategic Position in an Established Mining District A Major Gold Mining District Developed Infrastructure • High Voltage Power / Gas - State Grid • Several major mining operations • Skilled local workforce 6 Brownfields Environment • Untested potential • Large fertile Macquarie Arc porphyry intrusi
Slide 7: Spur Gold – Copper Project
Spur Gold – Copper Project Highly strategic district-scale land position 100% Ownership of a Large Gold District • Multiple discovery opportunities • Numerous multiphase intrusive porphyry complexes • Covering ~100 square kilometres 7 Unique & Strong Tenure • Cargo Mining Common was set aside specif
Slide 8: Spur Gold – Copper Project: Project History
Spur Gold – Copper Project Project History Pre-1970s 1970s/1980s • Historical mining • Porphyry copper potential • 1860s alluvial mining & small- recognised scale underground and open pits • Anaconda, Billiton, Cyprus Gold on gold veins 2018 1990s - 2016 8 • Deep Ore Discovery P/L • Golden Cross Res
Slide 9: We have a clear value creation strategy through aggressive exploration
“ We have a clear value creation strategy through 9 aggressive exploration delivering rapid resource growth and low discovery costs.” Dr. Andrew Stewart, Executive Chairman ASX:WTM
Slide 10: Spur Gold – Copper Project: Large under-explored gold district
Spur Gold – Copper Project Large under-explored gold district Multiple discovery opportunities • Historic exploration focused on copper • Numerous outcropping gold-rich veins Rapidly growing scale & grade 10 • High strike rate to date with Spur & Consols • Value-creation through discovery and resour
Slide 11: Exploration Momentum
Exploration Momentum Getting Better with Geological Understanding Top Intercepts SPRCD062: 208.7m @ 1.17 g/t Au from 514m (Consols) SPD027: 117m @ 2.01 g/t Au from 661m (Consols) 11 SPD025: 80m @ 1.78 g/t Au from 271m (Consols) SPRC007: 104m @ 1.53 g/t Au from 112m (Spur) SPD021: 6m @ 24.56 g/t Au f
Slide 12: Rapidly Demonstrating Growing Systems
Spur Gold – Copper Project Rapidly Demonstrating Growing Systems Spur Gold Zone • Spur zone covers 1km x 250m • High grade gold occurs as shallowly north plunging zones, within broader south plunging domains • System remains open 12 Consols Gold Zone • Growing Consols zone now >300m east-west, >400m
Slide 13: Spur Gold Zone
Spur Gold Zone Diamond Drilling Defining A Large System With Numerous High-Grade Shoots 13 ASX:WTM 124g/t Au 44.3g/t Au
Slide 14: Consols Gold Zone
Consols Gold Zone Consols Zone – Major New Gold Discovery Multiple high-grade gold zones East-west quartz-sulphide sheeted vein sets associated with strong potassic alteration Unlocking ounces for substantial resource growth 14 SPD011: A 1m @ 12.03g/t from 793m A SPD015: 1m @ 42.19g/t from 296m ASX:
Slide 15: Geometallurgy Confirms High Gold Recoveries at Spur
Sample: SPRCD037 – 436m (Spur) Sample Scan Geometallurgy Confirms High Gold Recoveries at Spur Results suggest simple, conventional Mineral map from micro-XRF scan process pathway for Spur Geometallurgical Results • High gold recoveries of over 90% (90-97%) by gravity and conventional leaching Miner
Slide 16: Why are Intermediate Sulphidation Epithermal Gold Systems Significant?
Why are Intermediate Sulphidation Epithermal Gold Systems Significant? Scale & Grade That Pin World-Class Gold Districts Economic Significance SPRCD062 592.6m – Patchy and • Better resource economics (larger tonnage plus veinlet associated quartz + pyrite ± chalcopyrite decent grade) with pervasive
Slide 17: 2026 - Growth & Discovery Drilling Underway at Spur Gold Project
2026 - Growth & Discovery Drilling Underway at Spur Gold Project Targeting Resource Growth & New Discoveries Growth & discovery drilling underway • 80,000-metre drilling program in 2026 • 10 drill rigs active Targeting & scope • Multiple rigs targeting shallow, near-surface 17 mineralisation, and de
Slide 18: We’re working to unlock Australia’s Next Multi Million Ounce Gold District
“ We’re working to unlock Australia’s 18 Next Multi Million Ounce Gold District Dr. Andrew Stewart, Executive Chairman ASX:WTM
Slide 19: Investment Summary: Exploration Upside
Investment Summary Unlocking Australia’s Next Multi Million Ounce Gold District Rare tenure opportunity Only 10% of 50 sq Cargo Mining Common could Exploration km trend tested facilitate rapid permitting Upside System extension could double resource potential with drilling Investor appeal Tight stru
Slide 20: Disclaimer, Compliance & Cautionary Statements
Disclaimer, Compliance & Cautionary Statements Forward Looking Statements This announcement contains “forward-looking statements” within the meaning of securities laws of applicable jurisdictions. Forward-looking statements can generally be identified by the use of forward-looking words such as “may
Slide 21: References
References ▪ ASX WTM 23 January 2024 Spur drilling commences ▪ Alkane 2023, Resource and Reserve Statement FY23, 13 September 2023 ▪ ASX WTM 10 April 2024 Epithermal and Porphyry Skarn Gold at Spur ▪ ASX WTM 24 May 2024 ANT Results ▪ Blue Ocean Equities 2024., Research Note, 8 October 2024 ▪ ASX WTM
Slide 22: Contact Us
Contact Us Andrew Stewart Executive Chair E: info@waratahminerals.com W: waratahminerals.com ASX:WTM waratahminerals.com